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NET ASSETS (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Stock Issued and Proceeds
The following table summarizes total shares of common stock issued and proceeds related to capital activity for the years ended December 31, 2025, 2024 and 2023. There were no shares of Class S or Class D common stock issued for the periods presented.
Shares Issued
(Class I)		Proceeds Received
(Class I)
2023
January 6, 2023674,324 $13,210 
April 11, 2023854,675 16,820 
July 6, 20231,193,694 23,074 
October 4, 20231,533,693 29,876 
Total4,256,386 $82,980 
2024
January 5, 20241,293,638 $25,213 
April 3, 2024701,357 13,852 
July 3, 20241,035,378 20,428 
August 21, 2024388,906 7,669 
October 9, 202423,561,825 464,875 
December 1, 2024308,190 6,013 
Total27,289,294 $538,050 
2025
January 1, 2025640,973 $12,454 
February 1, 2025592,986 11,534 
March 1, 2025191,543 3,718 
April 1, 2025343,968 6,615 
May 1, 2025284,021 5,413 
June 1, 2025294,504 5,622 
July 1, 2025412,605 7,881 
August 1, 2025254,146 4,847 
September 1, 2025203,395 3,877 
October 1, 202516,097,173 306,328 
November 1, 20251,096,670 20,782 
December 1, 2025178,707 3,367 
Total20,590,691 $392,438 
The following table summarizes the Shares issued under the dividend reinvestment plan for the years ended December 31, 2025, 2024 and 2023. There were no shares of Class S or Class D common stock outstanding for the periods presented.
Shares Issued
(Class I)		Total Consideration
(Class I)
2023
January 20, 202332,268 $641 
April 20, 202316,319 321 
July 21, 202328,032 553 
October 20, 202330,172 583 
Total106,791 $2,098 
2024
January 29, 202443,547 $849 
April 19, 202447,662 934 
July 19, 202458,337 1,156 
October 18, 202469,394 1,372 
December 17, 2024129,334 2,523 
Total348,274 $6,834 
2025
January 17, 202572,192 $1,403 
February 18, 202567,606 1,315 
March 18, 202568,955 1,338 
April 29, 202573,790 1,419 
May 30, 202570,167 1,337 
June 27, 202572,328 1,381 
July 29, 202572,868 1,392 
August 27, 202570,031 1,335 
September 26, 202572,289 1,378 
October 29, 202575,079 1,429 
November 25, 202585,066 1,612 
December 29, 202587,279 1,643 
Total887,650 $16,982 
Schedule of Quarterly Tender Offers
The following summarizes the results of the Quarterly Tender Offers completed for the years ended December 31, 2025, 2024 and 2023. There were no shares of Class S or Class D common stock outstanding for the periods presented.
Cash Payment Date(1)
Percentage of Outstanding Shares Offered to Repurchase(2)
Price Paid Per ShareRepurchase Pricing Date
Amount Repurchased(3)
Class I Shares Repurchased
Percentage of Outstanding Shares Repurchased(4)
January 31, 20253.5%$19.43 December 31, 2024$16,063 826,938 1.1 %
April 28, 20253.5%$19.23 March 31, 2025$12,674 659,197 0.8 %
July 29, 20253.5%$19.10 June 30, 2025$34,036 1,782,012 2.3 %
October 29, 20253.5%$19.03 September 30, 2025$23,033 1,210,378 1.6 %
Cash Payment Date(1)
Percentage of Outstanding Shares Offered to Repurchase(2)
Price Paid Per ShareRepurchase Pricing Date
Amount Repurchased(3)
Class I Shares Repurchased
Percentage of Outstanding Shares Repurchased(4)
March 11, 20243.5%$19.60 December 31, 2023$59,799 3,050,962 5.4 %(5)
May 10, 20243.5%$19.81 March 31, 2024$53,405 2,695,879 4.9 %(6)
August 8, 20243.5%$19.76 June 30, 2024$15,591 789,019 1.5 %
November 13, 20243.5%$19.76 September 30, 2024$11,244 569,026 1.1 %
Cash Payment Date(1)
Percentage of Outstanding Shares Offered to Repurchase(2)
Price Paid Per ShareRepurchase Pricing Date
Amount Repurchased(3)
Class I Shares Repurchased
Percentage of Outstanding Shares Repurchased(4)
March 14, 20233.5%$19.72 December 31, 2022$41,763 2,117,816 3.6 %
May 12, 20233.5%$19.71 March 31, 2023$40,285 2,043,878 3.6 %
August 11, 20233.5%$19.34 June 30, 2023$30,205 1,562,102 2.8 %
November 10, 20233.5%$19.50 September 30, 2023$14,694 755,715 1.4 %
(1)Cash payment date is the date the Company pays cash in repayment of promissory notes issued in exchange for shares acquired by the Company upon completion of the tender offer.
(2)Amounts do not include additional shares for which the Company reserved the right to purchase as part of the Quarterly Tender Offer.
(3)Amount repurchased is inclusive of early repurchase fees, if applicable.
(4)Percentage based on the total shares as of the Repurchase Pricing Date.
(5)Pursuant to Rule 13e-4(f)(1) of the Exchange Act, the Company accepted an additional 1,109,441 shares in the Quarterly Tender Offer that had a December 31, 2023 Repurchase Pricing Date, representing approximately 2.0% of its common stock outstanding as of September 30, 2023.
(6)Pursuant to Rule 13e-4(f)(1) of the Exchange Act, the Company accepted an additional 726,073 shares in the Quarterly Tender Offer that had a March 31, 2024 Repurchase Pricing Date, representing approximately 1.3% of its common stock outstanding as of December 31, 2023.
Schedule of Changes in Net Assets
The following tables summarize capital activity during the years ended December 31, 2025, 2024 and 2023:
 Common StockCapital in Excess of Par ValueAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
Class I SharesAmount
Balance, January 1, 2025
76,812,863 $768 $1,549,238 $48,343 $(52,331)$(53,556)$1,492,462 
Common stock issued20,590,691 206 392,232 — — — 392,438 
Dividend reinvestment887,650 9 16,973 — — — 16,982 
Repurchase of common stock(4,478,525)(45)(85,761)— — — (85,806)
Net investment income (loss)— — — 146,266 — — 146,266 
Net realized gain (loss)— — — — (58,506)— (58,506)
Net change in unrealized appreciation (depreciation)— — — — — 21,208 21,208 
Dividends declared— — — (159,420)— — (159,420)
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP— — (1,655)(4,189)5,844 — — 
Balance, December 31, 2025
93,812,679 $938 $1,871,027 $31,000 $(104,993)$(32,348)$1,765,624 

 Common StockCapital in Excess of Par ValueAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
Class I SharesAmount
Balance, January 1, 2024
56,280,182 $563 $1,146,462 $31,238 $(3,256)$(71,795)$1,103,212 
Common stock issued27,289,294 273 537,777 — — — 538,050 
Dividend reinvestment348,273 3 6,831 — — — 6,834 
Repurchase of common stock(7,104,886)(71)(139,968)— — — (140,039)
Net investment income (loss)— — — 131,633 — — 131,633 
Net realized gain (loss)— — — — (46,196)— (46,196)
Net change in unrealized appreciation (depreciation)— — — — — 18,239 18,239 
Dividends declared— — — (119,271)— — (119,271)
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP— — (1,864)4,743 (2,879)— — 
Balance, December 31, 2024
76,812,863 $768 $1,549,238 $48,343 $(52,331)$(53,556)$1,492,462 
 Common StockCapital in Excess of Par ValueAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
Class I SharesAmount
Balance, January 1, 2023
58,396,516 $584 $1,188,720 $8,819 $(5,997)$(40,625)$1,151,501 
Common stock issued4,256,386 43 82,937 — — — 82,980 
Dividend reinvestment106,791 1 2,097 — — — 2,098 
Repurchase of common stock(6,479,511)(65)(126,883)— — — (126,948)
Net investment income (loss)— — — 139,398 — — 139,398 
Net realized gain (loss)— — — — (93)— (93)
Net change in unrealized appreciation (depreciation)(31,170)(31,170)
Dividends declared— — — (114,554)— (114,554)
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP— — (409)(2,425)2,834 — — 
Balance, December 31, 2023
56,280,182 $563 $1,146,462 $31,238 $(3,256)$(71,795)$1,103,212 
Schedule of Basic and Diluted Earnings Per Share
Basic and diluted earnings per share were as follows:
 Year Ended December 31,
 202520242023
Net increase (decrease) in net assets resulting from operations$108,968 $103,676 $108,135 
Weighted-average shares outstanding81,573,132 59,200,911 56,551,480 
Basic and diluted earnings per Class I share$1.34 $1.75 $1.91 
Schedule of Dividends Declared
The following table summarizes the Company’s dividends declared for the years ended December 31, 2025, 2024 and 2023. There were no shares of Class S or Class D common stock outstanding for the periods presented.
Date DeclaredRecord DatePayment DatePer Share Amount
(Class I)
March 22, 2023March 22, 2023April 20, 2023$0.51 
June 21, 2023June 21, 2023July 21, 2023$0.51 
September 20, 2023September 20, 2023October 20, 2023$0.51 
December 20, 2023December 20, 2023January 19, 2024$0.51 
March 20, 2024March 20, 2024April 19, 2024$0.51 
June 18, 2024June 18, 2024July 19, 2024$0.51 
August 7, 2024August 7, 2024October 18, 2024$0.21 
September 25, 2024September 25, 2024October 18, 2024$0.30 
November 29, 2024November 29, 2024December 17, 2024$0.32 
December 18, 2024December 18, 2024January 17, 2025$0.17 
January 29, 2025January 31, 2025February 18, 2025$0.16 
February 26, 2025February 28, 2025March 18, 2025$0.16 
March 20, 2025March 31, 2025April 29, 2025$0.17 
April 24, 2025April 30, 2025May 30, 2025$0.16 
May 23, 2025May 30, 2025June 27, 2025$0.16 
June 17, 2025June 30, 2025July 29, 2025$0.17 
July 25, 2025July 31, 2025August 27, 2025$0.16 
August 25, 2025August 29, 2025September 26, 2025$0.16 
September 18, 2025September 30, 2025October 29, 2025$0.17 
October 28, 2025October 31, 2025November 25, 2025$0.16 
November 25, 2025November 28, 2025December 29, 2025$0.16 
December 18, 2025December 31, 2025January 29, 2026$0.17